07/17 SPY ATR Levels and Range
Current ATR showing at 4.50 increasing ever so slightly from last week and so far increase for this week.
if we lopse these levels look for 554.19 Needing to seriously defend this level this could be a possible bounce area, if not we find the high 550.20 level for a bounce.
Preferable to keep within this quarter I would like to see a bounce at 554.19 to push up thru -to 558.70 (Last weeks low)
If we open above 559.12 we could find some resistence at 559.63 range (this weeks low) if the want to take it higher, they may form a channel between 559.63 to 562.11/34/563.67 (564.69) for yesterdays close, after hours high and premarket high.
Whatever the possibilities are, I am looking for price action and volume.
if we lopse these levels look for 554.19 Needing to seriously defend this level this could be a possible bounce area, if not we find the high 550.20 level for a bounce.
Preferable to keep within this quarter I would like to see a bounce at 554.19 to push up thru -to 558.70 (Last weeks low)
If we open above 559.12 we could find some resistence at 559.63 range (this weeks low) if the want to take it higher, they may form a channel between 559.63 to 562.11/34/563.67 (564.69) for yesterdays close, after hours high and premarket high.
Whatever the possibilities are, I am looking for price action and volume.
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